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what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projection capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always a flashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what itwill do to the navy. it will take the vy and drive it down to the smallest force it has had since prior to world war one. not world war ii lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it? can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going downto 220 ships. to put that number
what the obama administration is doing is unilaterally reducing the military capability of our forces. this is at a time when we have china with its massive force expansion, building a world capable force projection capability. we have the russians modernizing the russian forces. we still have the iranian problem totally unresolved, north korea always a flashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative...
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what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks
what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in...
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. ♪ lou: the obama administration tonight ramping up dlomatic efforts to end seer -- syris bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will
. ♪ lou: the obama administration tonight ramping up dlomatic efforts to end seer -- syris bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the...
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>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to being fattening given to you by the government? stuart: and just trying to raise some mild objections. let me escape. that includes private practice doctors. after the break, a chiropractor and return this staff and stops taking any insurance all because of obamacare. it's a new day. if you're a man with low testosterone, you should know that axiron isis here. the only underarm trtment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become preg
>> a drop in the bucket to what you're asking me to put myself in the obama administration shoes. >> this is what makes my head off like a bottle rocket. we should be focusing on the fontana of the structure, not nanny state junk forcing restaurant chains to post calories. stuart: that's the best answer. i had been in restaurants where the calories in each dish is noted. i have altered what i order based on the calorie count. i found a useful. stuart: the information about the to...
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. >> obama administration has put more political ambassadors in than prior republican administrations. now is that good or bad? it is good. the political ambassadors have a direct connection with the president, in countries where they are acredited, if they say, this is what the president wants that is believable. and their loyalty is to the president not state department. and they care a lot in my experience about making sure that president's policies are carriee out. and third, and look -- >> would see? >> no anna wintour from a cord of wood, but i do know she knows something about business,. neil: you support this? >> i don't know her. >> i think if it was france it would be perfect. with the style. i don't see a problem. >> i don't but i think that in advocating american business against european ambassadors who spend a consider an poke of theiportionof their time on it d someone in business themselves can be effective. neil: no doubt. we were talking about. joe kennedy, -- john kennedy's father got the ambassadorship to england to get off of fdr's back for helping him. so, i know
. >> obama administration has put more political ambassadors in than prior republican administrations. now is that good or bad? it is good. the political ambassadors have a direct connection with the president, in countries where they are acredited, if they say, this is what the president wants that is believable. and their loyalty is to the president not state department. and they care a lot in my experience about making sure that president's policies are carriee out. and third, and look...
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jeff: they are asking the obama administration to blow up some rock formations that are now blocking areas of the river. it is a difficult situation. we will be here all day, by the way. connell: great story and even better pictures of it. we will shift gears here a little bit. talk about e-books. mcgraw-hill made an announcement of its education business. in doing so, it cited the high cost. our next guest launching a new product. it is called rent back. alan martin is here. good to see you. this whole idea, i thought that was pretty good news of what macgraw hill was doing. this trend is your trend now. >> e-books continue to fail to deliver value to students. the moment that e-books are valuable, professors should adoptive and students should buy them. one of them buys the content digitally. the other buys it physically. at the end of the class, the person who has the digital content has no resale value. connell: it souuds like you are giving me a sales pitch. that problem. >> the student who has the physical book has the opportunity to send the book to us. we will read that book
jeff: they are asking the obama administration to blow up some rock formations that are now blocking areas of the river. it is a difficult situation. we will be here all day, by the way. connell: great story and even better pictures of it. we will shift gears here a little bit. talk about e-books. mcgraw-hill made an announcement of its education business. in doing so, it cited the high cost. our next guest launching a new product. it is called rent back. alan martin is here. good to see you....
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dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are goi
dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not...
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finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i oft in the show with my "2 cents more" on something that has me fired up, even angry. tonighti wanted to highlight something that made me happy. in new york city police officer has become a hero after this photo appeared on facebook. look at that. as of tonight over half a miion people f like it. what it is showing his an officer giving, as man and you pair of boots and a cold night inimes square. in arizona woman snapped the fun
finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i oft in the show with my "2 cents more" on something that has me fired up, even angry. tonighti wanted to highlight something that made me happy. in new york city police officer has become a hero after this photo...
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>> because america and president obama's administration ignored the warning signs and what the muslim brotherhood and what radicals are about. when president obama first became president and he went to egypt and gave his first address, his first speech in cairo, in egypt, he made it a point to invite the muslim brotherhood to the chagrin of the mubarak regime. he insisted that the muslim brotherhood would be sitting in two front seats addressing his speech. that gave them a importance in power gaining respect of america and the support of america. america miscalculated as to who they were supporting in the middle east and they continue this miscalculation right now and unless we wake up and really make a drastic change in our foreign policy america will pay a heavy price down the road. melissa: yeah, dramatic conclusion. thank you so much for coming on. i hope you come back. >> thank you. have a great day. melissa: what's in a name? well apparently $35,000 and counting. one man is raking it in for auctioning off his name for an entire year. he is here to explain his brilliant scheme.
>> because america and president obama's administration ignored the warning signs and what the muslim brotherhood and what radicals are about. when president obama first became president and he went to egypt and gave his first address, his first speech in cairo, in egypt, he made it a point to invite the muslim brotherhood to the chagrin of the mubarak regime. he insisted that the muslim brotherhood would be sitting in two front seats addressing his speech. that gave them a importance in...
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obama administration for the use of social network, this time maybe too smart. urging americans to tweet their support. now it has become a driving platform jeering at the democrats. the foundation has acquired sponsorship rights. cheryl: yesterday we had the president speaking, it was touting my2k. dennis: and they have. gold and green after a three-day losing streak, sandra smith has the latest in today's "the trade." sandra: the major stock market averages have gone back to the green after speaker boehner's comments of the fiscal cliff. oil has gone back up, but look at gold, this is the focus for a lot of investors as we approach the end of the year, was going to happen to the fiscal cliff or what isn't if we fall off the fiscal cliff bringing us a year-to-date chart. up about 9%. it has been very volatile. 1800 has been a big test for gold prices. thei believe gold will rise anor hundred dollars by the end of the year saying they believe it will top out at 18.10 per ounce. i just got off with capitalist, it'll be good for gold at the go over the cliff, but
obama administration for the use of social network, this time maybe too smart. urging americans to tweet their support. now it has become a driving platform jeering at the democrats. the foundation has acquired sponsorship rights. cheryl: yesterday we had the president speaking, it was touting my2k. dennis: and they have. gold and green after a three-day losing streak, sandra smith has the latest in today's "the trade." sandra: the major stock market averages have gone back to the...
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this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks like he gets the job. that's where we are now. it's interesting watching wall street kiss up to the president on this. >> it is interesting. >> there is nobody, no economic perp i talked to who really thinks that this is the time to raise marginal taxes, even on the rich, the alleged rich, whic
this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink...
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. >> administration action and california voted for president obama for a second, by 20 points, and you don't think some reward is due? and hold on one second, steve, i'm going to do a news story and i want your comment. >> okay. steve? >> first of all, detroit is looking at many different options and one of the options is the mayor himself, dave bing, has suggested is shrinking the city. in other words, there are too many people, 750,000 people, there are vast tracts of detroit that they can't cover any more that they're the not using and they want to close it down, stop providing services and that's what dave bing is suggesting it's clear that some of these big former american cities are not going to come back and detroit's never going to be 2 million people again. so you need some kind of alternative. whether you break the city up into, you know, taking apart into smaller communities or simply shut down parts of the city. stuart: this is bankruptcy and-- >> they're insolvent, an insolvent city so they have to do something like this. and that westbound considered a giant corporation r
. >> administration action and california voted for president obama for a second, by 20 points, and you don't think some reward is due? and hold on one second, steve, i'm going to do a news story and i want your comment. >> okay. steve? >> first of all, detroit is looking at many different options and one of the options is the mayor himself, dave bing, has suggested is shrinking the city. in other words, there are too many people, 750,000 people, there are vast tracts of...
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to madness, i think, they are not the power they used to be but they did get out the vote for barack obama. >> they' payback. neil: they are expecting something in return. >> they will go through the national labor relations board, and try to get things administratively through the backdoor they can not t congress to pass, they will have a very aggressive get out there in the streets, and intim mate, there is directed by labor union, not by the workers who are in there. they come in, they set this up it is about them getting that 50 or 60-dollars a month out of your pocket, out of the work are'workeryy pocketo pocket of big labor bosses, they will have 700 less in their pockets a year if they go with these unions, they will be forced to pay that, and the prices go up and same people who are trying to make a living. >> just warming up. >> they want payback. neil: always good to see you, thank you very much barbara. >> good to see you. >> they are not characters from marvel or dc comics, but could these guys save dc? >> why they could out too the super powers. with the spark cash card from c
to madness, i think, they are not the power they used to be but they did get out the vote for barack obama. >> they' payback. neil: they are expecting something in return. >> they will go through the national labor relations board, and try to get things administratively through the backdoor they can not t congress to pass, they will have a very aggressive get out there in the streets, and intim mate, there is directed by labor union, not by the workers who are in there. they come...
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administration and influencing south korean voters ahead of the country's presidential election and the united nations voted to grant palestine limited recognition of statehood. the move which falls short of independence gives palestinians limited privilegeds as a state including the right to join the international criminal court. dennis: lottery officials told a news conference after announcing a 52-year-old mechanic in new jersey and his wife claimed their fair share of the record $588 million power ball jackpot. mark and cindy hill, with two winning tickets. they found out she had the winning ticket. >> went by to see what the numbers were and got back in my car, is that the right number? i was shaking and called my husband and think i'm having a heart attack. dennis: can she avoid the lottery curse? they had that $580 million prize for whoever holds a winning ticket sold at a convenience store in suburban phoenix. cheryl: know what i related to our friends with. personal income and spending for october up 3% from last year, promising news for a company like eden with 130 locatio
administration and influencing south korean voters ahead of the country's presidential election and the united nations voted to grant palestine limited recognition of statehood. the move which falls short of independence gives palestinians limited privilegeds as a state including the right to join the international criminal court. dennis: lottery officials told a news conference after announcing a 52-year-old mechanic in new jersey and his wife claimed their fair share of the record $588...
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. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats. they been acquired sponsorship rights for my2k, they often see paid messages opposing the obama tax hikes. they run the gamut. some talk about the sudden switch to now playing up keeping tax cuts for everyone else. others make fun of my2k origins. a few samples. obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24 places. speed was caused by americans failing to limit obama to four years. back to you. melissa: thank you so much, thanks they want to tweet hash tag bad ideas. thank you, d
. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats. they been acquired sponsorship rights for my2k, they often see paid messages opposing the obama tax hikes. they run the gamut. some talk about the sudden switch to now playing up...